A matter of days before the union is threatening to strike at Ford (F), General Motors (GM), and Stellantis (STLA), the United Auto Workers union has lowered its demand for pay raises over the next four years to the mid-30% range, Automotive News’ Michael Martinez reports, citing people familiar with the matter. The new range marks UAW president Shawn Fain’s willingness to meet in the middle on one of the union’s top demands, the author notes.
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